http://tags.library.upenn.edu/tag/copyright+google+videos PennTags Feed http://tags.library.upenn.edu/makerecord/url/12377 http://tags.library.upenn.edu/makerecord/url/12377 <p>Michael Liedtke writes in this article about the recent lawsuit brought against Google involving Google's online video service and whether or not the lawsuit is a sign of more copyright issues to come for Google's newest addition, YouTube.&nbsp; He writes that content owners may only be biding their time until the Google acquisition of YouTube is finalized.&nbsp; At that point, a number of lawsuits may be filed against YouTube by copyright holders.&nbsp; </p><p>Google launched its online video service this January.&nbsp; Since then, Liedtke writes, they have been desperately trying to catch up to YouTube, created a year earlier by two Pay Pal employees in California.&nbsp; However, Google has &quot;abandoned its attempts to catch YouTube&quot;, and instead just purchased the company for a cool $1.65 billion.&nbsp; The issue with the acquisition, Liedtke explains, is that copyright holders can now sue YouTube with expectations of a large payout, now that they are backed by the immense capital possessed by Google. Liedtke notes that before the deal with Google, YouTube &quot;had been subsisting on $11.5 million in venture capital&quot;.&nbsp; Google itself has $10.4 billion- in cash.&nbsp; Google itself has acknowledged the fact that it could face more copyright lawsuits because of YouTube.</p><p>Liedtke also talks about the widely circulated internet rumor which said that Google had set aside $500 million in case copyright issues came up after the purchase of YouTube.&nbsp; The number was later confirmed to be $200 million by Google representatives.&nbsp; Eric Schmidt, Google's CEO, continues to remain confident amidst the fears of lawsuits.&nbsp; He said that YouTube has &quot;been on this path&quot; referring to copyright issues, and that together they could solve these issues &quot;more quickly&quot;.&nbsp; </p><p>Investors also seem to be unfazed by copyright concerns over YouTube.&nbsp; Liedtke points to the fact that Google has a lot of experience in copyright cases and has yet to been dealt a serious blow.&nbsp; Google's stock has risen nearly 15% since the purchase of YouTube.&nbsp;</p> http://tags.library.upenn.edu/makerecord/project/12256 http://tags.library.upenn.edu/makerecord/project/12256